A budget surplus occurs when government
A) outlays exceed tax revenues.
B) tax revenues equal outlays.
C) tax revenues exceed outlays.
D) tax revenues equal social security expenditures.
Correct Answer:
Verified
Q3: The actual budget deficit is equal to
Q4: Automatic fiscal policy occurs
A)because monetary policy is
Q5: The sum of past budget deficits minus
Q6: A fiscal action that is triggered by
Q7: An increase in government expenditure shifts the
Q9: A discretionary fiscal policy is a fiscal
Q10: A government that currently has a budget
Q11: In the short run, an increase in
Q12: Taxes and government expenditures that, without need
Q13: Government transfer payments _ during expansions and
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